ElderCareCost
Showing results for ZIP 22503 (VA)
Home ZIP 28037

Nursing Care Facilities Market: ZIP 28037

Opportunity Score
72 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 28037 is an urban area with low foot traffic. with a population of 27,128 and household incomes well above the national median ($109,779).

Area Profile

27,128
Population
$109,779
Median Income
+47% vs. national
Urban
Area Type
5.6/20
Foot Traffic
Very Car-Dependent
Median Age: 45.0 — older demographic, may prefer sit-down options.
College-Educated: 33.7% — balanced market for quality & value.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,310
2BR Fair Market Rent
$1,126
Median Gross Rent
$460 K
Median Home Value
9
Bank Branches
$820 K deposits

Tips for Starting a Elder Care Business in North Carolina

  • State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
  • Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
  • Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
  • Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
  • The median income here is $109,779. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits